COVENANT AND AGREEMENT TO HOLD PROPERTY AS ONE PARCEL - ladbs 2025

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The document is a covenant and agreement for property owners in Los Angeles, California, stating that the specified real property will be held as one parcel and not sold separately. It outlines the legal description of the property, the purpose of creating a single building site as per local regulations, and details regarding binding agreements for current and future owners. The document requires notarization and approval from the Department of Building and Safety.

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What does it mean when a covenant runs with the land?

Examples of Tie-in Agreements in Real State: A property owner might require a commercial tenant to also lease a nearby residential property owned by the same landlord as part of the agreement.

What is a lot tie covenant?

Lot tie agreement means an agreement executed by the property owner whereby the property owner agrees that the described lots and/or parcels shall be held under the same ownership and not sold separately unless otherwise approved by the City.

What is an example of a tie in agreement in real estate?

A lien of a covenant is the beginning part of an agreement that states who is involved and what the agreement is about. Its like the title of a book that tells you what the story is going to be about. A lien is also a legal term that means someone has a right to keep something until they are paid for it.

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